(Reuters) — Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp, the latest fintech investment by the Japanese technology conglomerate. That is the largest equity investment in such lenders outside of China so far, according to data provider CB Insights. […]
NYS Entity Status
NYS Filing Date
FEBRUARY 12, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2013 - ALLIED EQUITIES GROUP CORP.
AROUND THE WEB
- SoftBank invests $250 million in U.S. online lender Kabbage
By Reuters - Friday Aug 4, 2017
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By THE NEW YORK TIMES - Thursday Jul 13, 2017
Family members and friends have begun identifying many of the 16 American service members who died on Monday when their plane crashed in rural Mississippi.
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By Selina Wang - Monday Jul 10, 2017
Jawbone — a pioneer in wearable technology that was once a darling of Silicon Valley — is going out of business, but its CEO and many employees have an unusual exit strategy: [...] its investors, including BlackRock and the Kuwait Investment Authority, are tallying losses from more than $900 million in equity and debt funding the fitness gear maker raised over the years. Fitbit is looking to eventually deliver consumer subscriptions that predict health outcomes to move beyond hardware and into a recurring revenue stream, though this strategy is likely three to five years out, said Joe Wittine, an analyst at Longbow Research. If we identify some abnormality in your heart rate, would people be willing to pay for that service?’ If it’s enterprise grade, you bet, Wittine said. Jawbone Health Hub could sell its future device to insurers, hospitals, and employers, according to Jitesh Ubrani, an analyst at IDC. The company would have to invest heavily in research and development to develop medical-grade devices that could measure important health indicators like oxygen level or blood glucose levels, he said. While initially popular, having won plaudits for design and functionality, the company was often plagued by costly manufacturing problems and was sometimes forced to offer customers refunds. Having raised some $900 million in equity and convertible debt funding, the liquidation will likely wipe out equity held by investors, meaning big losses.
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By email@example.com (Kyoko Uchida) - Saturday Jul 22, 2017
Housing Trust Silicon Valley's Tech + Equity + Community + Housing Fund aims to raise startup capital for ten thousand affordable homes over the next decade....
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Code.org, a tech-backed nonprofit, is pressing schools to teach computer science. But are tech firms swaying education to serve their own interests?
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Friday Jun 16, 2017
America’s closest Gulf allies have entangled the Trump administration in a longstanding rift in the Mideast as a group of Saudi-led nations pursues a realignment that risks further destabilizing the region and complicating the fight against Islamic State.